Press contact:
Mike Lizun
Vice President
Gregory FCA
27 West Athens Avenue
Ardmore, Pa. 19003
610-642-8253
Mike@GregoryFCA.com
FOR IMMEDIATE RELEASE
Scientigo and Find SVP Announce Find.com
to Showcase Tigo Search Technology
Scientigo's Tigo intelligent search technology, together with an URL
that is unforgettable, will be a powerful combination
Charlotte, N.C.--November 28, 2005--Scientigo Inc. (OTCBB: MKTE), a developing
technology leader in enterprise content management, and Find SVP (OTCBB: FSVP),
a leading single-source provider of custom business research, today announce a
transaction that will result in a new, more powerful "Find.com". The new
Find.com is expected to be unveiled in 90 to 120 days, and will focus on
personalized local, mobile, and product searches. Relevance and accuracy of the
searches will be enabled leveraging Scientigo's patented `Tigo' technology.
"Scientigo's Tigo Search technology will provide the fuel that Find.com
needs to enable a superior and differentiated search product to consumers,
businesses, and advertisers in the marketplace," said Doyal Bryant, CEO of
Scientigo. "Scientigo also gains a high-profile search domain name to showcase
our technology's unmatched content recognition, management, and search
capabilities."
David Walke, Chairman of Find SVP, stated: "Scientigo's technology
expertise makes them an ideal partner to take Find.com to the next level. Their
personalized search capabilities in particular hold great promise for Find.com
as the premiere destination for mobile and Internet users."
The new Find.com will not compete directly with established search engine
leaders. Rather, the new Find.com service will leverage Scientigo's Tigo
intelligent search technology to exploit lucrative niches in the search arena
today, starting with personalized local, mobile, and product search.
"There are significant opportunities that remain in search, and
Scientigo's technology has immense power to help us deliver on those
opportunities," said Chris Travers, CEO of the new Find.com. "There is a lot of
room for improvement in local, mobile, and product search, and Scientigo's
technology will make the difference. In the enterprise search environment, Tigo
has shown it can store massive amounts of data-whether structured or
unstructured, regardless of type or location-and allow rapid retrieval in a
highly scalable and cost effective manner. We look forward to deploying this in
the consumer marketplace."
This acquisition is the latest in a series of strategic purchases,
partnerships, alliances, and technology licenses between Scientigo and leaders
in specific vertical industries, including intelligent search, intelligent
document recognition, and intelligent enterprise content management.
The new Find.com will have operations and technology located and managed
from Scientigo's Charlotte, N.C. headquarters. As a result of this transaction,
Find.com is owned by a majority-owned subsidiary of Scientigo, Tigo Search, Inc.
Scientigo contributed a Tigo search license to the subsidiary, and paid Find SVP
$500,000 in cash, note, and Scientigo common stock, together with 49% of the
subsidiary, for contributing the Find.com URL and related assets. Scientigo also
has an option to acquire the 49% of Tigo Search, Inc., owned by Find SVP for
$700,000 in cash and Scientigo common stock during the next six months.
ABOUT SCIENTIGO
Scientigo (pronounced "see-EHN-ti-go") is an emerging technology leader that
invented, patented, and is now licensing the next-generation of intelligent
document recognition, intelligent enterprise content management, and intelligent
search technologies for consumers and the enterprise. Scientigo's patented
`Tigo' technology creates order from information chaos by using artificial
intelligence, machine learning, rules-based systems, and patented XML technology
to make it faster, easier, and less costly to capture, file, organize, and
retrieve any type of information. This boosts employee productivity and
corporate agility, reduces document management and research costs, and delivers
ROI practically overnight. World-leading third-party independent software and
solution providers are licensing Scientigo's technologies to dramatically
improve the capabilities, benefits, and market appeal of their offerings; and to
speed their time-to-market for the next-generation of intelligent information
acquisition and retrieval systems. Scientigo can be reached on the Web at
http://www.Scientigo.com.
ABOUT FIND SVP
FIND SVP, Inc. (OTC Bulletin Board: FSVP - News) is a knowledge services company
that leverages the expertise and resources of its professional research teams to
help its member clients protect and further their business interests. FIND SVP
helps executives enhance their business performance, profit from opportunities
and address critical issues through targeted research and advisory work,
providing its nearly 2,000 member clients with a competitive business advantage.
Founded in 1969, FIND SVP is the second largest member of the global SVP Group,
which serves more than 75,000 executives in 11,000 companies worldwide. FIND SVP
is located at 625 Avenue of the Americas, New York, N.Y. 10011. More information
is available by calling 212-645-4500 or visiting FIND SVP's website at
http://www.FindSVP.com
NOTE TO PRESS:
Comprehensive resources are available for this story, including people and/or
product photographs, company and/or product logos, executive interviews,
industry sources, analyst contacts, answers to frequently asked questions,
industry research and data, white papers, corporate and product briefs, and
more. Please call Mike Lizun at Gregory FCA at (610) 642-8253 or write to
Mike@GregoryFCA.com.
This news release may contain forward-looking statements. Forward-looking
statements are indicated by words such as "expects," "intends," "anticipates,"
"believes" and similar expressions. Our ability to achieve the results
anticipated in such forward-looking statements is subject to risks and
uncertainties, including, without limitation, the potential interest of third
parties in our intellectual property portfolio, any potential growth of our
company, our ability to successfully maximize the value of our intellectual
property assets, in addition to general economic conditions, operating results,
market acceptance of our solutions and other risks detailed from time to time in
our reports filed with the Securities and Exchange Commission. These
forward-looking statements are made in accordance with "safe harbor" provided by
the Private Securities Litigation Reform Act of 1995 and no assurance can be
given that the future results that are the subject of such forward-looking
statements will be achieved. The Company undertakes no obligation to publicly
update or revise the forward-looking statements, whether as a result of new
information, future events, or otherwise.
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